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213 E 87th Pl - 213 E 87th Pl 3 Unit Apartment Building Offered at $785,000 at a 7.03% Cap Rate Los Angeles, CA 90003
INVESTMENT HIGHLIGHTS
- Immediate Cash Flow & Rent Growth
- Future Redevelopment Potential
- Strong Submarket Fundamentals
EXECUTIVE SUMMARY
213 E 87th Pl is an accessible South LA triplex offering investors the perfect mix of immediate income, long-term rent growth, and redevelopment upside.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $785,000 | Lot Size | 0.14 AC |
| Price Per Unit | $261,667 | Building Size | 2,723 SF |
| Sale Type | Investment | Average Occupancy | 66% |
| Cap Rate | 7.03% | No. Stories | 2 |
| Gross Rent Multiplier | 9.55 | Year Built/Renovated | 1927/1984 |
| No. Units | 3 | Parking Ratio | 1.1/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | LAR3 | ||
| Price | $785,000 |
| Price Per Unit | $261,667 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Gross Rent Multiplier | 9.55 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 2,723 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built/Renovated | 1927/1984 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $939.00 | 908 |
| 3+1 | 1 | $3,668 | 908 |
| 3+2 | 1 | $2,241 | 908 |
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 6041-015-034 | Improvements Assessment | $348,173 |
| Land Assessment | $243,720 | Total Assessment | $591,893 |
PROPERTY TAXES
Parcel Number
6041-015-034
Land Assessment
$243,720
Improvements Assessment
$348,173
Total Assessment
$591,893
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213 E 87th Pl - 213 E 87th Pl
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